Price Slashed on Former Hearst Mansion

The "Beverly House" is more than 50,000 square feet

Receive the latest real-estate updates in your inbox

The gated entrance is closed to the Beverly House mansion of William Randolph Hearst and Marion Davies, formerly listed at $165 million, was the most expensive listing in U.S. history July 10, 2007. The home, built in 1927, includes four houses, an apartment, and a cottage on 6.5 acres of land with three separate pools, 29 bedrooms, a movie theater, and a disco. Hearst bought the mansion in 1947 for about $120,000. Twenty years ago, the house went on the market with an asking price of $25 million, one of the highest at the time, but was not sold. So far, no U.S. home sale has broken the $100-million mark. John F. Kennedy and Jacqueline Kennedy honeymooned at the estate in 1953 and later used the mansion as the West Coast campaign headquarters for the Kennedy presidential campaign. The estate also appeared in the film "The Godfather". (Photo by David McNew/Getty Images)

The lavish onetime home of William Randolph Hearst and actress Marion Davies in Beverly Hills has been placed back on the market for $95 million -- a steep discount from the $165 million price it carried just a few years ago, the real estate agent announced Monday.

The so-called Beverly House is more than 50,000 square feet, was built in the 1920s by banking executive Milton Getz, who sold the property to Davies in 1946. Davies bought the home for Hearst, who moved there from San Simeon.

John F. Kennedy and his bride Jacqueline honeymooned at the estate. The home is also familiar to millions of movie fans for its appearance in "The Godfather" as the home of movie executive Jack Woltz, who unceremoniously finds a horse's head in his bed.

The Mediterranean-style estate is perched on a hilltop, covering nearly four acres above the Beverly Hills Hotel.

The home is owned by investor Leonard Ross, who recently filed for bankruptcy. According to the real estate company handling the listing, Ross has owned the property for 30 years, and during that time he has refurbished and expanded the estate by adding more than 20,000 square feet to the size and also reacquired an adjacent property.

The main level of the estate includes a 50-foot entry hall, a living room with 22-foot-high arched ceilings and a library. The billiard room includes herringbone parquet floors and a carved-stone fireplace mantle from Hearst's San Simeon mansion.

Also included are a formal dining room, breakfast room, family room with outdoor terrace, art-deco nightclub, wine cellar and two projection rooms. There is also a spa, gym and massage room, tennis court, guest house above an eight-car garage and a separate two-bedroom apartment.